GN, Yes. I meant that they have no concern for making her brother any money and when I see foreclosures list they seem to be based on what was owed, all the back interest, taxes, selling fees, legal fees and agent commision, figure it out and that’s what they will take. They won’t stay on the market for one extra day to save the comps or make money for the borrower (which they are entitled to if there is profit.)

I see alot of repos make it to the MLS that are over the comps and I came to the realization that they aren’t picking a price based on what a normal seller would, they are using their spreadsheet of what they have in it to decide pricing, then when it doesn’t sell they adjust downward until it sells.

The people accross the street moved out last week but they were upside down so I’ll just wait to see what that one lists at. Has anyone here ever contacted the lender on a repo before it gets on the mls? Is there a benefit to that?